$5,000 investments that are worth +$1 million:
Bitcoin: 9 yrs ago
Nvidia: 10 yrs ago
Tesla: 14 yrs ago
Netflix: 16 yrs ago
Apple: 20 yrs ago
Amazon: 22 yrs ago
Starbucks: 32 yrs ago
Microsoft: 33 yrs ago
Costco: 35 yrs ago
Nike: 37 yrs ago
Walmart: 40 yrs ago
Disney: 50 yrs ago
$BTC #Bitcoin
$BTC is trying to break the yellow line in the Mayer-Multiple.
Not only that, the MA20 (D) is about to cross the MA50 (D).
-Whenever this has happened in the history of $BTC, it has at least reached the green line (~$33.000)
-3/4 times, it started a new bull run
#Bitcoin perspective update.
The double top pattern that I warned about at 24k is playing out very nicely.
There is still a lot more downside potential here, let's find out how the 20k level holds next.
#Bitcoin on adjusted log time.
Time = log(weeks)^3.44
10.2 log periods elapsed between each touch of top curve.
Next set meets curve at 160-180K December 2023.
Not a forecast. Not a prediction. Not even my primary idea.
Just an observation based on a sample size of 2.